Sustainable Finance
In the area of sustainable finance, the Company has adopted the following policies:It is widely recognised that sustainability risks, whether environmental, social or governance-related, represent a significant factor in the risk analysis of financial instruments. Physical or transition events, or environmental, social or governance conditions, can in fact cause a significant negative impact on the value of an investment.In light of this consideration, and in order to ensure adequate protection for investors, it is appropriate to integrate the financial risk management process with the analysis of sustainability risks.The SFDR Regulation aims to achieve greater transparency on how financial advisors integrate sustainability risks into their investment advice.Pursuant to Article 3 of the Regulation, the Company publishes information on its policies regarding the integration of sustainability risks in investment advice.The Company does not consider the adverse impacts of investment decisions on sustainability factors, in accordance with Article 4.5(b) of Regulation (EU) 2019/2088 (SFDR).The reason why SCF does not take into account the possible negative effects of its investment decisions on sustainability factors is that information on the sustainability of the financial instruments subject to advice is not yet easily accessible or complete.J. Lamarck SCF S.p.A. does not fall within the scope of either Article 8 or Article 9 of Regulation (EU) 2019/2088 (SFDR).Aware of the growing importance attributed to sustainability factors in financial investments, SCF undertakes to collect information on clients’ sustainability preferences and to integrate the suitability assessment in order to respond to clients’ requests regarding the integration of such factors into their investment portfolios.Where a client expresses an interest in incorporating sustainability factors into their investment decisions, as provided for by Article 167, paragraph 2 of the Consob Intermediaries Regulation, the Company undertakes to take all necessary measures to adapt investment recommendations in financial instruments that correspond to the specific sustainability preferences expressed by the client.“Sustainability Preferences” means the choice by a client or potential client to integrate, or not to integrate, and if so to what extent, into their investment one or more of the following financial instruments:a) a financial instrument for which the client or potential client determines that a minimum proportion must be invested in environmentally sustainable investments within the meaning of Article 2, point 1, of Regulation (EU) 2020/852 of the European Parliament and of the Council (Taxonomy);
b) a financial instrument for which the client or potential client determines that a minimum proportion must be invested in sustainable investments within the meaning of Article 2, point 17, of Regulation (EU) 2019/2088 of the European Parliament and of the Council (SFDR);
c) a financial instrument that considers the principal adverse impacts on sustainability factors, where the qualitative or quantitative elements demonstrating such consideration are determined by the client or potential client.In order to provide personalised recommendations that adhere to clients’ sustainability preferences, SCF — which recommends equity investments in large-cap companies listed on regulated markets (particularly American ones) — adopts methodologies aimed at analysing the environmental, social and governance sustainability characteristics of the companies subject to recommendation.The information sources used, which are publicly available, consist of the financial statements and sustainability reports published by companies listed on regulated markets, supplemented, where necessary, with other publicly available information.SCF does not recommend financial instruments as meeting the sustainability preferences of a client or potential client if they do not satisfy those preferences.
